Memorandum Findings of Fact and Opinion
The Commissioner determined a deficiency of $53.53 in income and victory tax for the calendar year 1943. The only issue for decision is whether the Commissioner erred in capitalizing an expenditure of $901.08 and allowing depreciation of $45.05 thereon instead of allowing the whole expenditure to be deducted as an ordinary and necessary expense.
Findings of Fact
The petitioner is an individual residing in...
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